Hamptons town could buy former department store land to build homes
The historic Southampton Village estate owned by Anne Eisenhower is poised to become one of the priciest sales of the year on the East End, having gone into contract after years on and off the market, brokers told the Wall Street Journal. Eisenhower, the granddaughter of the former president, bought the 12,000-square-foot house and its 10-acre grounds for $5 million during a market downturn in the mid-1990s and most recently listed it for $35 million. The house, originally dubbed Claverack when it was built in the 1890s, was among the first cottages in the summer colony that is now known as Southampton Village’s estates section. The buyers are taking title to the house and two potential building lots on its grounds separately, through limited liability companies. The most expensive Hamptons residential transfer this year was David Tepper’s $43.5 million purchase of Joanne Corzine’s Sagaponack estate. Harald Grant, the Sotheby’s International Realty listing broker for the Eisenhower home declined to state the price but said it was “acceptable,” while other brokers in the area speculated that the sale is a sign that the Hamptons market is rebounding. [WSJ]
